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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Zardoz who wrote (3119)6/3/2002 8:56:13 AM
From: nickel61   of 3558
 
In direct response, Excess gold is not hurting the Swiss, floating currencies manipulated by the major trading pools are punishing currencies with excess gold by pushing up the value above levels where the Swiss Export companies are competitive.
Gold is only irrelevant in the US because we have a perception of low inflation that requires a disconnect from the rapidly rising prices of services and the very things that you mentioned, real estate and asset prices.
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